Changes in the US -- Post-Covid, Post-Depression?
I see estimates that about 6% of Americans currently have Covid-19. Dr. Michael Osterholm (U of MN immunologist) has said the pandemic will end when 60-70% of us have immunity -- naturally or via a vaccine -- something that is unlikely to be widely available for more than a year. Is a Depression certain? What other changes do you envision?
Covid-19 is 'culling' the elderly (with and without underlying health issues) and Americans all ages (primarily with issues like obesity/diabetes). Minorities are disproportionately affected. There are immediate and longer-term effects.
In addition to a financial debacle due to the overall contraction of commerce, won't there also be some narrowly-focused changes? Won't there be a meaningful decline in elderly and health-compromised Americans? Fewer recipients of Social Security and Medicare? Fewer medical procedures on aging bodies, hospitals, nursing homes? Perhaps there will be more younger people with ongoing issues related to having been infected with the virus.
Will more people work remote from office buildings? How will 'business' change? How will roads and mass transit be affected? Will there be less air travel for business?
Will there be less discretionary income for tourism, restaurants, entertainment? Will fewer people marry, have children? Hobbies, pets, *charity*? Foreclosures, bankruptcies? Tax delinquencies? (Even more) enormous federal debt?
Rerun of the Great Depression? Disasters? Improvements? What do you see -- in general and specific changes?